Red States Stand to Benefit From a ‘Layer Cake’ of Tax Breaks From Inflation Reduction Act

11 months ago 45

The new law has stackable tax credits, including an “energy communities” bonus to help places that lost fossil fuel jobs, that could reduce clean energy project costs by 40% to 70%.

Imagine a 1-megawatt solar array on about eight acres of land in West Virginia. To make the math simple, let’s say it costs $1 million, although it likely would be less than that.

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